For the US Department of Justice, it’s getting to be like shooting fish in a barrel. But how quickly they’ve decided not to prosecute the firm. Is this how it’s going to be from now on? Does it have anything to do with Mark Olson being an E & Y guy?

“This just in: Four former or current tax heavies at Ernst & Young have been charged criminally in connection with the promotion of allegedly fraudulent tax shelters. Among those charged include Martin Nissenbaum, national director of Ernst & Young’s personal income tax and retirement planning practice…”

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Francine McKenna (@retheauditors) is the Transparency Reporter at MarketWatch.com, a Dow Jones publication, where her work is also featured frequently in the Wall Street Journal. McKenna had more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad before becoming a journalist. Look for her prior columns, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. For more information contact Francine McKenna, fmckenna@mckennapartners.com